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Dec 28, 2012
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and guess what -- >> jimmy you got a democrat u.s. president, democratic chamber with the u.s. senate, why can't the president get this done? i mean, this is-ish. >> it's that simple. there are two words, they're called, i object. if you've ever worked -- raise your hand on the panel if you've ever worked in the united states senate. i don't see any hands. in the senate you got 100 egotistical men and women, which i'm fine with that. but if one of them is pissed off about something, they say i object and you can't get it through. the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay. >> because i still think we're talking about end of january, early february. that's
and guess what -- >> jimmy you got a democrat u.s. president, democratic chamber with the u.s. senate, why can't the president get this done? i mean, this is-ish. >> it's that simple. there are two words, they're called, i object. if you've ever worked -- raise your hand on the panel if you've ever worked in the united states senate. i don't see any hands. in the senate you got 100 egotistical men and women, which i'm fine with that. but if one of them is pissed off about something,...
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Dec 19, 2012
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the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in june. the second largest fine ever on a paid -- paid by a bank. it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money aft
the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in...
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Dec 27, 2012
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. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special. >> and people that, you know, that's where we get all of our info, right out of that baby there. anyway, futures are up 14 points. 13114 is where we are right now. i don't know. fiscal cliff is three days away and we're still above 13,000. that's what we're talking about. you would think if the growth was going to flow based on us going over the cliff, you would think oil would start to weaken. we haven't seen that much in that respect, either. as far as the ten year, stable at 98 of 6719. finally, gold -- i don't know. bernanke is on full 85 billion a month mode and it's below 1 hup. >> i don't understand that much. do
. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special....
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Dec 17, 2012
12/12
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the u.s. a little better. europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two years together we could have 30, if we get some of the things -- >> we had three straight years at 30. >> that was a different world. earnings were higher. they're flagging a bit now. >> if everybody gets what they want with this, even the corporations aren't suddenly unleashed, either, with all their corporate -- >> it's going to be slow. the linger of the debt wind-down and the residual issues. that takes years to unravel. >> we have not talked individual stocks. when you see what's happened with apple, what do you think? >> apple starting to have more
the u.s. a little better. europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two...
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Dec 5, 2012
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so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in economies around the world? >> merry fiscal cliff-mas to you. you're going to see more bouncing like a yo yo, on the fundamental story, the models we have pointing going into 1q, the reason, it sort of rhymes in the spirit of the season. you have non-opec demand growing, global demand slowing, it's not snowing, and down is where we're going. the next big data point is probably the iaea report in february. and if that implicates more progress toward an iranian bomb, there's significant risk to look to the upside. in th
so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in...
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Dec 24, 2012
12/12
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in the new year, the u.s. will find more ways to utilize or export this cheaper, cleaner fossil fuel, and the increase in demand will set the stage for the continuation of rising prices. >> it's been a wild ride for oil this year. oil prices fluctuating because of a lot of stuff in the middle east, also america's growing energy independence. what can we expect from energy in 2013? joining us from london is jason from european oil and gas research at mccard securities. i'm going to ask you an overall question, jason, and i don't know how you answer this, but, for investors, that are looking at a way to play energy, i mean, is it going to be basically hydro carbon based? are we back to that where it's either natural gas or oil exploration or some facet of that? >> i certainly think so. i think that did we're looking for trends in 2013, you know, the potential re-emergence of higher natural gas prices could be there. we think it's going to take some time for that to happen. i think the trend in 2013 is going to b
in the new year, the u.s. will find more ways to utilize or export this cheaper, cleaner fossil fuel, and the increase in demand will set the stage for the continuation of rising prices. >> it's been a wild ride for oil this year. oil prices fluctuating because of a lot of stuff in the middle east, also america's growing energy independence. what can we expect from energy in 2013? joining us from london is jason from european oil and gas research at mccard securities. i'm going to ask you...
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Dec 20, 2012
12/12
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we've been watching u.s. equity futures and they have been indicated higher this morning after a bit of a sell-off yesterday for the dpau. you saw it down by 90-plus points yesterday after some big gains on monday and tuesday. this morning you see the dow futures indicated up by about 43 points above fair value. s&p also four points higher than fair value. overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact closed above 10,000 on wednesday for the first time since all the way back to march. overnight it ended up closing down by about 121 points, or make that tuesday. wednesday was the sell-off. where am i? no, no, no, wednesday was the big move up, thursday was the sell-off. they're 12 hours ahead of us. in europe at this hour you can see that there are barely any gains anywhere across the markets. relatively flat for both the ftse, the cac, and for the dax, saz well. again, all of these kind of waiting to see what happens in wa
we've been watching u.s. equity futures and they have been indicated higher this morning after a bit of a sell-off yesterday for the dpau. you saw it down by 90-plus points yesterday after some big gains on monday and tuesday. this morning you see the dow futures indicated up by about 43 points above fair value. s&p also four points higher than fair value. overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact...
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Dec 7, 2012
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u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has them. >> steve, you are here because it's jobs friday. are you here representing c innocent objects t cnbc or the bls? >> i'm representing myself actually. >> good to have you. in corporate news, netflix, regulators warning they may bring civil action against the company and its ceo for violating public disclosure rules with a facebook post. reed hastings posted netflix monthly viewing exceeded 1 million hours ever. they're required to make full and fair public disclosure of material nonpublic information and hastings i guess thought it was okay and it's a gray area. isn't that full and fair? >> i think it is a gray area because we've always made the argument if you're watching cnbc it's okay because this is a public disclosure, right? i guess facebook maybe it's different because
u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has them. >> steve, you are here because it's jobs friday. are you here representing c innocent objects t cnbc or the bls? >> i'm representing myself actually. >> good to have you. in corporate news, netflix, regulators warning they may bring civil action against the...
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Dec 14, 2012
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that's reassuring for the u.s. dollar. >> and that's one of the most amazing things about the dollar. when our economy does really badly, the dollar does well. people buy tee bills. even if the government is frustrated and the fed is frustrated, there's nowhere else to go. >> and, peter, i feel like i've read in all of your writings somewhere there will be a tipping point with that. >> with the dollar? >> yes. >> i think we've almost reached it. they said why is the euro at 1.30. i said ben bernanke is the euro's best friend. we're the reserve currency of the world. i think that says a lot. will we get some dollar strength? well, look at the context. gold has gone from 250 to almost 1700. what is the dollar the going to be strong against? it's all a relative game. i think 85 billion of newly printed money in the u.s., got is going much higher. to me, that's a ultimate treasure of the dollar. >> ben, wa do you want to talk about? do you want to weigh in on that or the market's inability to move higher? i thought thi
that's reassuring for the u.s. dollar. >> and that's one of the most amazing things about the dollar. when our economy does really badly, the dollar does well. people buy tee bills. even if the government is frustrated and the fed is frustrated, there's nowhere else to go. >> and, peter, i feel like i've read in all of your writings somewhere there will be a tipping point with that. >> with the dollar? >> yes. >> i think we've almost reached it. they said why is...
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Dec 18, 2012
12/12
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. >>> and in corporate news, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now t
. >>> and in corporate news, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing...
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Dec 26, 2012
12/12
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u.s. equity futures this hour, not too bad. if the cliff was -- just, you know, end of the world -- i mean, we did make it through that. i guess people are optimistic that we're all still here in the flesh. we don't know at this point whether the mayan me to you're -- the end of the world could have involved a zombie apocalypse. you wouldn't know at this point whether the first zombie was actually somewhere right now -- >> someone has to be the first zombie. >> someone has to be the first one. then it spreads slowly. and that's -- could have been like that. see, that's how i thought it would end if it ends. not with a comment. but i did have a roll of quarters in my pockets, ready to go. >> are zombies not immune to rolls of quarters? >> no, in case the guys outside the planet that runs into us -- >> it depends on what type of zombie you get. if you get the walking dead zombie, i think we could deal with. that they're quite slow. >> they're not upstairs -- >> if you get the zombies from -- from -- i'm forgetting the name of the
u.s. equity futures this hour, not too bad. if the cliff was -- just, you know, end of the world -- i mean, we did make it through that. i guess people are optimistic that we're all still here in the flesh. we don't know at this point whether the mayan me to you're -- the end of the world could have involved a zombie apocalypse. you wouldn't know at this point whether the first zombie was actually somewhere right now -- >> someone has to be the first zombie. >> someone has to be the...
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Dec 13, 2012
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john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like
john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right...
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Dec 10, 2012
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today, u.s. regulators are outlining a deal on both sides of the atlantic to take losses and ensure efficient capital exists in the bank's headquarters to protect taxpayers. the bank of england and fdic are suggesting the plan would reduce financial stability. >> too big to fail. >> i have to admit, i'm a little bit concerned because he was supposed to be back today. >> he was. >> in a foreign country. and i don't know this for sure, but have you ever seen midnight express? >> i have. >> you have seen that movie? i don't know. he's on a bus. he's got stuff taped to him. andrew was supposed to be here. now, i don't know whether anything happened as he was trying to exit this run. and i don't know what he was trying to bring back. but it is a country known for -- >> he was probably bigging back a gift for you. >> maybe so. but all i know is he's not -- i can go to washington state for that. i don't need andrew to bring it back. but i'm a little bit concerned. do you remember? >> i think he's okay,
today, u.s. regulators are outlining a deal on both sides of the atlantic to take losses and ensure efficient capital exists in the bank's headquarters to protect taxpayers. the bank of england and fdic are suggesting the plan would reduce financial stability. >> too big to fail. >> i have to admit, i'm a little bit concerned because he was supposed to be back today. >> he was. >> in a foreign country. and i don't know this for sure, but have you ever seen midnight...
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Dec 3, 2012
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and while the u.s. faces a fiscal cliff, which hopefully we can avoid, europe faces a financial cliff because the u.s. has restructured its financial institutions and europe has not. what about the practical implications of that fact? >> well, i think -- i mean, that is a big ongoing dilemma, but i think the thing that people are understandably relieved about, and here is a super mario moment, this spiral between sovereigns and the house of banks appears famous last words, but being broken a bit in europe. and that is definitely a -- so the absolute worst appears to have been taken out of the oh kwagz. but, you happen, obviously europe is years behind the u.s. in terms of reforming its private sector financial system and those continue to be an issue going forward. but i quickly have linked to what i said before. i know investors are looking at investing in european financials and haven't dreamt of that for years. that's a mood that has grown in the past couple of weeks. >> it's steve mcmahon. would you
and while the u.s. faces a fiscal cliff, which hopefully we can avoid, europe faces a financial cliff because the u.s. has restructured its financial institutions and europe has not. what about the practical implications of that fact? >> well, i think -- i mean, that is a big ongoing dilemma, but i think the thing that people are understandably relieved about, and here is a super mario moment, this spiral between sovereigns and the house of banks appears famous last words, but being...